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Finance

Finance

Funding later life and care, whether at home or in a care home, can be complicated, expensive and unpredictable. Finding your way through the maze of options of care for a parent or elderly relative can prove challenging and finding the right advice, solution and result is not always easy. We have lots of help and information here for you from the Age Space Team.

 

 

Funding Elderly Care

Funding elderly care and later life can be complex, expensive and unpredictable as needs change. This section includes information about all the care funding options available.

Local Authority Funding

Where care needs are social (assistance with daily living) and individual assets are below £23,250, the local authority will assess which one of three categories your parent may fall into in terms of care.

NHS Funded Care

When you look after a parent with a health condition, who now requires continual care, you may not know where to turn.  

Annuities

Historically, an annuity was bought at the point of retirement with a lump sum saved into a defined contribution pension. 

Deferred Payment Agreements

A Deferred payment agreement is an arrangement with the local authority that lets people use the value of their homes to help pay care home costs.

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Upcoming Events

Feb
18
Tue
all-day Alzheimer’s Society Side by Side... @ The Kings Centre
Alzheimer’s Society Side by Side... @ The Kings Centre
Feb 18 all-day
Alzheimer’s Society Side by Side service The Kings Centre, 30 Queen Annes Road, Great Yarmouth NR31 0LE
all-day Alzheimer’s Society Side by Side... @ Breck Farmhouse
Alzheimer’s Society Side by Side... @ Breck Farmhouse
Feb 18 all-day
Alzheimer’s Society Side by Side Service and Dementia Support: Breck Farmhouse, Stody, Melton Constable NR24 2EP
all-day Alzheimer’s Society – Informatio... @ Room 1, Charing Cross Centre
Alzheimer’s Society – Informatio... @ Room 1, Charing Cross Centre
Feb 18 all-day
Alzheimer’s Society – Information and Advice Telephone line NORFOLK; Room 1, Charing Cross Centre, 17-19 St John Maddermarket, Norwich NR2 1DN. Call 01603 763556
all-day Forget-me-not Grants @ Norfolk
Forget-me-not Grants @ Norfolk
Feb 18 all-day
Forget-me-not Grants help people living with Dementia to maintain suitable and safe homes with grants to £1,000. Call 01508 533705.
all-day Living Independently in Later Years @ West Norfolk
Living Independently in Later Years @ West Norfolk
Feb 18 all-day
Living Independently in Later Years Project (LILY) funds Dementia friendly home assessments: call 01553760671 www.west-norfolk.gov.uk
all-day Norfolk Dementia Helpline @ Breck Farm House
Norfolk Dementia Helpline @ Breck Farm House
Feb 18 all-day
Norfolk Dementia Helpline Tel: 01603 763 556 E: norfolk@alzheimers.org.uk A: North Norfolk Office, Stable Yard Office, Breck Farm House, Stody, Melton Constable, NR24 2EP
all-day Norfolk Dementia Helpline @ Kings Lynn and West Norfolk Office
Norfolk Dementia Helpline @ Kings Lynn and West Norfolk Office
Feb 18 all-day
Norfolk Dementia Helpline Tel: 01603 763556 E: norfolk@alzheimers.org.uk A: Kings Lynn and West Norfolk Office 2 Thoresby College, Queen Street, Kings Lynn, PE30 1HX
all-day Riverside Leisure Complex @ Riverside Leisure Complex
Riverside Leisure Complex @ Riverside Leisure Complex
Feb 18 all-day
Activities include ping pong, curling and bowls. We aim to create an inclusive and positive experience for all participants of all levels to get involved
2:00 pm Ashby Art Group Harford Communit... @ Harford Community Centre
Ashby Art Group Harford Communit... @ Harford Community Centre
Feb 18 @ 2:00 pm – 4:00 pm
The classes involve basic drawing skills, still lifes and personal projects. This is for beginners and improvers. Please bring along art materials. £3.00 per session to cover the cost of room hire. Fortnightly 2.00 – 4.00pm. Contact[...]